When it comes to buying a home, many Americans struggle to get financing due to bad credit scores. This leaves families and individuals struggling to get their first property because they can’t get approved for a loan or mortgage. Shalada, a former UCLA basketball player and her husband Chris, a former Alabama football alum, saw how people were struggling to overcome their bad credit history, and decided to set up Legacy Credit Partners to help their community.
With the pandemic taking its toll on personal finances in the past year, bad credit scores have been holding people back and a large percentage of respective buyers have been getting lower than average credit scores due to their payment history and debt to credit ratio.
Legacy Credit Partners is changing all that with its new process to help people overcome credit scenarios that are preventing them from moving forward when buying a property, or large individual purchases such as a car.
With a background in managing corporate accounts and several years of industry expertise,
Shalada Harris has developed a simple-step process that people can start straight away to analyze their credit history.
“No two people have the same credit scenario but I’ve found that this process can be used to correct the most common and unusual credit situations,” said Harris.
Legacy Credit Partners recommends people get started by checking their current credit score using a variety of tools such as IdentityIQ and Experian. They can then follow up on their score using free apps such as Credit Karma to give them an overview of their current credit situation.
Once individuals have obtained their financial overview and history, they can benefit from the service offerings available at Legacy Credit Partners to help them with a variety of issues that could be negatively impacting their overall score.
Reflecting on the challenges that a lot of buyers have, Harris noted, “Your credit score is made up of its payment history, the amount of debt to credit usage, the credit age, and the mix of credit which are all factors. We found that a large percentage of respective buyers didn’t understand this formula which is used to formulate your FICO score. This score determines whether or not you get approved for a house or a low interest rate for a car.”
For buyers that have a low FICO score, there are a number of ways to resolve this problem through the Legacy Credit Partners process. By identifying inaccuracies and being a liaison between the creditor and the client, Legacy Credit Partners is helping to turn these bad credit scores around.
“There are millions of people who have inaccurate accounts and information on their credit file which is causing them to have below average credit scores,” said Harris.
Strictly adhering to the Credit Repair Organizations Act, Legacy Credit Partners over the past 5 years has helped thousands of clients navigate bad credit scores, and enabled them to repair their credit history.
Legacy Credit Partners recently announced several new tiers of options to help clients get their credit history repaired in as little as 45-90 days depending on their individual circumstances.
With the American economy set to rebound this summer, there is a renewed optimism in the housing market, and opportunities for buyers to make their next purchase.
Have you checked your credit score to see how you’re doing?